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Fed Beige Book: The economy grew at a "modest to moderate pace" in February with government...

Fed Beige Book: The economy grew at a "modest to moderate pace" in February with government fiscal and health-care policies noted for restraining hiring and spending. Employers in several districts cited "unknown effects" from the new health care laws as reasons for layoffs and reluctance to hire.
Comments (12)
  • I'd like a lot more color on the "unknown effects" from the new healthcare laws as a reason for layoffs. I've heard of hours being cut, and healthcare benefits being entirely eliminated from some of my friends and relatives, but no layoffs so far. That's unfortunate, but very interesting.
    6 Mar 2013, 02:07 PM Reply Like
  • Guarantee health care sector will be hiring with 30 million new customers coming on line next year Health care costs have been out of control for decades in this country. Big insurance carriers in California all filed for premium increases ranging from 22 to 26% going forward. wall mart has already said they are dumping their health care expenses on Obamacare. I suspect more big co's will follow if they can and when its all said and done it will be one giant taxpayer funded program. At least they wont be able to deny insurance to someone already sick like they do now; sort of defeated the purpose of insurance
    6 Mar 2013, 07:49 PM Reply Like
  • That was the plan all along. Tax payer funded health care for all, except taxpayers can't pay the bill.
    6 Mar 2013, 09:52 PM Reply Like
  • Right, because the government has shown its fantastic ability to enter into an industry and control costs over the years. Our healthcare system is clearly broken, but taxing the whole population to get the 30 million or so ppl who didnt have insurance (50% of which could afford insurance, but didnt want it) seems like a horrible way to do it.

     

    We need smarter government, not more government.
    6 Mar 2013, 11:25 PM Reply Like
  • Close. What we mostly need is a hell of a lot less of it.
    6 Mar 2013, 11:29 PM Reply Like
  • This is just getting started, 0bamacare and increase in minimum wage 2014. In this bizarro world the Dow hits 16,000. I'm staying mostly in cash though.
    7 Mar 2013, 12:36 AM Reply Like
  • This will be a big 4th quarter effect...and continure into 2014....lots of companies adapting to Obamacare
    6 Mar 2013, 02:15 PM Reply Like
  • Don't worry about it. Just buy the big compensation advisors like Hewitt and Associates. They are going to make hay trying to help HR depts how to figure this mess out.
    6 Mar 2013, 02:18 PM Reply Like
  • this is the part where they start pointing fingers at each other in public. one of the feds mandate is employment. its like watching an episode of last yrs NY jets season.
    6 Mar 2013, 04:11 PM Reply Like
  • To think, Obamacare would have been called Roosevelt Care if it weren't for the AMA, which opposed not only government health insurance but ALL health insurance at the time.

     

    http://1.usa.gov/YzWWt6
    6 Mar 2013, 06:30 PM Reply Like
  • TSA ordered 50 billion dollars for new uniforms though. A head scratcher for sure!!
    6 Mar 2013, 11:17 PM Reply Like
  • This is political sour grapes among some in the business community -- nothing more.
    7 Mar 2013, 06:11 AM Reply Like
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